‘Deadpool & Wolverine’ helps push Disney past Wall Street estimates

‘Deadpool & Wolverine’ helps push Disney past Wall Street estimates

Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly … Read more

The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families

The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families

The satirical news publication the Onion won the bidding for Alex Jones’ Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims to whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax, the families announced Thursday. “The dissolution of Alex Jones’ assets and the death of Infowars … Read more

US wholesale inflation picks up slightly in sign that some pressures remain elevated

US wholesale inflation picks up slightly in sign that some pressures remain elevated

WASHINGTON — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from … Read more

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

NEW YORK — Fashion company Tapestry on Thursday said it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame. The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo … Read more